00:00Thames Water, Britain's largest water company, is in hot water again.
00:05Ofwat, the UK's water regulator, has just slammed the company with a record 122.7 million pounds fine,
00:12the biggest in the industry's history.
00:15The reason? Massive failures in handling sewage operations and unauthorized shareholder payouts.
00:22We take our environmental responsibility seriously.
00:26Ofwat says the fines won't come from customers, but from Thames Water and its investors.
00:32All of this comes as the company battles a £20 billion debt crisis,
00:36despite a £3 billion bailout earlier this year.
00:40Right now, Thames Water can't pay any more dividends without approval.
00:45Will this finally clean up the UK's water crisis, or is it too little too late?
00:50Subscribe to News Plus Globe for more updates.
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